Credit, Collections & Insolvency News
A new white paper from industry body Water UK has highlighted the concerns around water bull affordability.
The report sets out the sector’s vision for an improved water system in England by 2050.
With water companies facing unprecedented challenges over the next three decades, the sector is calling for urgent action to avoid future generations facing severe water scarcity, higher bills and environmental targets being missed.
Christine McGourty, Chief Executive of Water UK, said “There can be no doubting the profound, existential challenges facing the water sector over the coming decades. Without urgent action there is a risk future generations will simply not have enough of this precious resource to go around.”
“We know water companies have a significant role to play in tackling these challenges, and this White Paper sets out the positive, ambitious ways in which we can meet them head-on.”
“But we can’t do this alone and we need others to join us on this journey so we can ensure that our children are able to enjoy the same on demand water supply we take for granted today.”
Emma Clancy, Chief Executive of the Consumer Council for Water (CCW), said “The affordability of water bills is a key concern when considering the investment needed to address the climate and environmental challenge we face. The provision of comprehensive support for those who struggle to pay their water bills can help reduce barriers to investment in climate resilience, and is something the sector should be considering alongside their long-term environmental targets. CCW are campaigning to implement an affordability support scheme for England and Wales which has the potential to facilitate investment in environmental improvements by overcoming concerns about affordability for the poorest households.”
“While there is much good work currently, the water sector has a large challenge on its hands when it comes to investing for the future, meeting environmental targets and supporting customers through the cost of living crisis. This is a huge opportunity for positive change, now is the time for all water companies to come together to ensure that the sector plays an even greater role in addressing the affordability and climate emergency.”